Regulatory Alerts2018-10-11
Summary of Amendments to the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors
The Securities Commission issued amendments to the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors on 11 October 2018. The revision inserted a definition for ACMF and expanded Chapter 21 to include requirements for ASEAN Social and Sustainability Bonds alongside existing Green Bond provisions. Additionally, new paragraphs were added to Appendix 1 mandating the submission of compliance checklists for the ASEAN Social and Sustainability Bond Standards.
1 GUIDELINES ON ISSUANCE OF CORPORATE BONDS AND SUKUK TO RETAIL INVESTORS SUMMARY OF AMENDMENTS ISSUED ON 11 OCTOBER 2018 The following table provides a summary of the amendments to the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors which was revised on 11 October 2018: Amendments to specific paragraphs Prior to 11 October 2018 Revision on 11 October 2018 Comments PART A: GENERAL Chapter 2: DEFINITIONS Paragraph 2.01 Paragraph 2.01 Inserted definition of “ACMF”. PART F : REQUIREMENTS FOR ISSUANCE OF ASEAN BONDS AND SUKUK Chapter 21: ASEAN GREEN BONDS AND SUKUK Chapter 21: ASEAN BONDS AND SUKUK Paragraphs 21.01, 21.02 and 21.03 Paragraphs 21.01, 21.02 and 21.03 Amended to insert the requirements for the issuance of ASEAN Social Bonds and Sukuk and ASEAN Sustainability Bonds and Sukuk. This is in addition to the existing requirements for the issuance of ASEAN Green Bonds and Sukuk.
2 Amendments to specific paragraphs Prior to 11 October 2018 Revision on 11 October 2018 Comments APPENDIX 1: INFORMATION AND DOCUMENTS TO BE SUBMITTED TO THE SC FOR APPROVAL
- Paragraph 1.09 and 1.10 New paragraphs inserted to provide the requirement for the submission of compliance checklists for the ASEAN Social Bond Standards and ASEAN Sustainability Bond Standards.